Summit Financial LLC Has $647,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Summit Financial LLC increased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,661 shares of the transportation company’s stock after buying an additional 243 shares during the period. Summit Financial LLC’s holdings in United Airlines were worth $647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in United Airlines by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after buying an additional 369,500 shares during the last quarter. State Street Corp raised its holdings in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Geode Capital Management LLC lifted its position in United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after acquiring an additional 168,498 shares in the last quarter. Boston Partners bought a new stake in United Airlines during the 4th quarter worth approximately $323,508,000. Finally, Norges Bank purchased a new stake in shares of United Airlines in the fourth quarter worth approximately $170,732,000. 69.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UAL has been the topic of several analyst reports. Morgan Stanley lifted their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group reduced their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. Finally, Raymond James cut shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.75.

United Airlines Trading Up 4.6 %

Shares of United Airlines stock opened at $71.37 on Thursday. The company’s 50-day moving average price is $91.18 and its 200-day moving average price is $86.87. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 EPS. On average, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.